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EURUSD technical analysis The medium term uptrend of the EURUSD pair still intact and trying to gain some fresh buying momentum after the dovish statement of the FOMC meeting minute. Currently, price is trading in a neutral zone and trading the pair at the current level will be an immature act. The initial support for
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EURUSD pair In the last few weeks, the EURUSD pair has been moving in between 1.1120 – 1.1270 level. The volatility of this pair has been decreased to great extent due to the uncertainty of interest rate hike decision by the FED. In the last FOMC meeting minutes, the FED has clearly announced that they
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In the past couple of months, trading the pound has been all about brexit. In anticipation of the UK’s exit from the European Union, speculators have shorted the pound to historical lows, not seen for more than 30 years. Many short positions were taken in anticipation of a negative impact on the economy. But the
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President of China Xi Jinping officially opened the two-day summit of leaders of the world’s largest economies, the Group 20. He said that he needed their agreement on measures to create a new momentum of economic growth and to avoiding protectionism. At the start of the G20 to be held in the eastern Chinese city,
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The Ichimoku cloud is actually an oscillator and not an indicator even though, compared with other oscillators, it is placed on the actual chart and not below as a regular oscillator. The overall indicator represents a state of equilibrium between current price and projected and historical prices, offering an overall view of the financial product
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What is forex trading simulator? Forex trading the financial instrument successfully requires an extreme level of skills and patience. You can’t expect to earn tons of money just by learning the basics of this financial instrument. Experience is a must if you truly want to become successful in this industry. There is a myth that
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The pound has risen in relation to other major currencies. The published data showed that the index of the services sector in the UK remained unchanged in July, in line with expectations. The pair GBP / USD recorded the peak at 1.3356, subsequently consolidated at 1.3335. Official data showed that the index of activity in
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